Bellatrix Exploration (TSE:BXE) (NYSE:BXE)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Raymond James in a research note issued to investors on Friday. They currently have a C$1.00 price objective on the stock. Raymond James’ target price would suggest a potential downside of 13.04% from the stock’s current price.

Several other equities analysts also recently commented on BXE. Canaccord Genuity decreased their price target on shares of Bellatrix Exploration from C$1.75 to C$1.50 in a research note on Tuesday, July 10th. National Bank Financial upgraded shares of Bellatrix Exploration from an “underperform” rating to a “sector perform” rating and set a C$1.75 price target on the stock in a research note on Friday, July 20th. TD Securities decreased their price target on shares of Bellatrix Exploration from C$1.75 to C$1.50 in a research note on Friday, August 3rd. Finally, Eight Capital downgraded shares of Bellatrix Exploration from a “neutral” rating to a “sell” rating and decreased their price target for the company from C$1.30 to C$0.45 in a research note on Friday, August 3rd. Four investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company has a consensus rating of “Sell” and a consensus target price of C$1.27.

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BXE stock opened at C$1.15 on Friday. Bellatrix Exploration has a 52 week low of C$1.07 and a 52 week high of C$3.49.

Bellatrix Exploration (TSE:BXE) (NYSE:BXE) last released its quarterly earnings results on Thursday, August 2nd. The company reported C($0.63) EPS for the quarter. Bellatrix Exploration had a negative net margin of 49.98% and a negative return on equity of 11.12%. The business had revenue of C$54.02 million during the quarter.

Bellatrix Exploration Company Profile

Bellatrix Exploration Ltd., an oil and gas company, engages in the acquisition, exploration, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan in Canada. It primarily focuses on developing its two core resource plays, the Cardium and the Spirit River in Western Canada.